Intern Spotlight: Maeve Nolan

Intern Spotlight: Maeve Nolan

Name: Maeve Nolan

College: Middlebury College

Field of Study: Economics, Environmental Studies, and French

Graduating: May 2025

Hometown: Williston, VT

“I am so excited to be working with both the Vermont Chamber of Commerce and Vermont Futures Project this summer. As a native Vermonter, I have appreciated being able to learn more about the thoughtful considerations taken for business throughout the state, as well as looking into the future of Vermont’s economy. This opportunity has allowed me to combine my passion for Vermont’s people and places with my academic interests in economic development and business. 

Along with being an Economics major, I have a minor in Environmental Studies which has informed my passion for sustainable development, especially in the small business and public sectors. Through my previous work in development at 1% for the Planet, a global environmental nonprofit based in Burlington, I became really interested in combining academic-style research with a clear mission that drives an organization. I am especially grateful to now be working with another organization that aids in maintaining the welfare of Vermonters and their businesses. 

I have many ideas of what I would like to do after college, but I hope that whatever I end up doing will have a direct positive impact on as many people as possible. Though I still have a bit of time before graduation, I am always open to making connections, particularly when I’m talking about Vermont and what makes this place and its population so special. My contact information is listed below if anyone would like to follow up or ask about my experiences here at the Chamber or beyond. Thank you for contributing to Vermont’s business community and growing economy and enjoy the rest of your summer!”

Contact Information:

Email: mknolan@middlebury.edu

LinkedIn: linkedin.com/in/maeve-nolan/

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SBA Offers Disaster Assistance to Businesses & Residents of Vermont Affected by Storms & Flooding

SBA Offers Disaster Assistance to Businesses & Residents of Vermont Affected by Storms & Flooding

The Small Business Association (SBA) is offering disaster assistance to businesses & residents of Vermont following the announcement of a Presidential disaster declaration due to damages from severe storms and flooding that began on July 7. Visit disasterloanassistance.sba.gov/ela/s/ or call 1-800-659-2955 to learn more.

Low-interest loans are available to Vermonters for:

  • Physical Damage to Business: Loan of up to $2 million to qualified businesses or most private nonprofit organizations
  • Economic (non-physical) Damage Assistance: Eligible small businesses, small agricultural cooperatives, and most private nonprofit organizations could receive additional support for non-physical damage.

SBA Business Recovery Centers are opening for Customer Service Representatives to assist business owners and residents in filling out a disaster loan application, accept documents for existing applications, and provide updates on an application’s status. Centers will operate as indicated below until further notice:

Business Recovery Center – Washington County

Vermont Chamber of Commerce

751 Granger Road

Berlin, VT 05641

Opening: Tuesday, July 18, 8 a.m. to 5 p.m.

Hours: Monday to Saturday, 8 a.m. to 5 p.m.

Closed: Sunday

 

Business Recovery Center – Windsor County

Engel & Völkers Okemo Building

126 Main Street

Ludlow, VT 05149

Opening: Wednesday. July 19, 8 a.m. to 5 p.m.

Hours: Monday to Sunday, 8 a.m. to 5 p.m.

 

Additional resources are available on our flood recovery resources page. 

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Severe Weather – Business Recovery

Severe Weather – Business Recovery

The Vermont Chamber is here to support businesses statewide with recovery efforts and our experienced and trusted team is on hand to listen, and assist. As we begin to understand the full extent of the damage caused by severe weather, there are initial steps we encourage businesses to take.

State emergency management officials and recovery resources are accessible at vermont211.org and by calling 2-1-1. In the event of an emergency, Vermonters should call 9-1-1. Vermonters should sign up to receive emergency alerts and observe road closures and power outages.

Governor Scott’s request for an emergency declaration for all 14 counties has been accepted by President Biden to allow for federal disaster relief resources to be deployed. State Emergency Management officials will be working with FEMA and the U.S. Small Business Administration on a disaster declaration which will allow for federal assistance in repairing damage from this storm. The Vermont Chamber is committed to connecting businesses with resources to aid in recovery and will send information as it becomes available.

What businesses can do right now:

  • Document the damage to your business and inventory via photos and videos when it is safe to do so.
  • Make a list of damaged or lost items and, if possible, include the date of purchase, value, and receipts.
  • Contact your insurance company to file a claim or understand what losses may be covered.

The Vermont Chamber is steadfast in our commitment to helping the Vermont business community recover from these catastrophic events. Please tell us what you’ll need to recover so we can connect you with resources and communicate needs with state and federal agencies: info@vtchamber.com

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Vermont Needs a New Migration Story

Vermont Needs a New Migration Story

The NYT published data last month on domestic migration from large cities to smaller cities during the pandemic. The national trend is due in part to the ability of high-income earners to work remotely. Here in Vermont, there’s a perception that we’ve had a lot of migration to the state and are experiencing this.

However, when you look at the data it shows a different picture:

We need a new story for Vermont, one that encourages people to live and work here. The Vermont Chamber has been advocating for a publicly funded effort to elevate our achievements and attract more workers. Initiatives like the Declaration of Inclusion, along with wage growth, housing subsidies, innovative education and training programs, childcare assistance, climate change regulations, and broadband investments make Vermont an excellent place to move to. The problem is that people don’t know Vermont is an awesome place to live and work unless we tell them about it.

While elected officials support these initiatives, there is little support in the State House to develop and fund an outreach plan. Yes, we have work to do on the housing shortage, but we can, and we must, do more than one thing at a time.

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Megan Sullivan Appointed to Stakeholder Steering Committee for Act 250

Megan Sullivan Appointed to Stakeholder Steering Committee for Act 250

Megan Sullivan, Vice President of Government Affairs, has been appointed to the Stakeholder Steering Committee for a legislative report on “Necessary Updates to the Act 250 Program.” The committee has been established as part of Act 182 of 2022 and Act 47 of 2023 to facilitate stakeholder input and consensus building for necessary updates to the Act 250 program. This appointment recognizes Sullivan’s expertise and the Vermont Chamber’s dedication to advancing the Vermont economy. Sullivan brings a wealth of economic development experience and knowledge to the table and her work will ensure that the needs of Vermont businesses will be considered in the process. 

The Stakeholder Steering Committee was formed in June 2023 by the Natural Resources Board (NRB) and is comprised of 16 key leaders representing various constituencies, including applicants, consultants, attorneys, economic development organizations, housing organizations, municipalities, environmental advocates, and state agencies. The committee’s primary goal is to facilitate conversations, debates, and consensus-building to advise the NRB on a comprehensive and inclusive approach to the Act 250 program update report. Through regular meetings and open discussions, the committee will work to identify common ground between different proposals and interest groups, working towards recommendations that the NRB and stakeholders can support or have reached a compromise on. 

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Committee Will Continue Work on Data Privacy Throughout Summer

Committee Will Continue Work on Data Privacy Throughout Summer

The House Commerce and Economic Development Committee held a brief hearing on H.121, a data privacy bill that did not advance this session but is likely to be revisited next year. In recent months, the Vermont Chamber raised concerns that the legislation would have severe unintended consequences for small businesses that would struggle to comply with standards set for large corporations without the same capacity. 

 

The Vermont Chamber will engage with legislators on reframing a strong consumer privacy bill that will not lead to unintended consequences for Vermont businesses. Specifically, by urging legislators to consider legislation passed in other states in which data privacy laws balance the protection of consumer privacy with manageable regulation on businesses.    

 

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Working Vermonters to Pay First-Ever State Payroll Tax

Working Vermonters to Pay First-Ever State Payroll Tax

Both the House and Senate advanced the major childcare legislation that was vetoed by the Governor without contest, enacting a payroll tax that will cost Vermonters nearly $100 million annually once it becomes effective on July 1, 2024. In recent weeks, the Vermont Chamber has heard an outpouring of input from businesses on anticipated solutions for absorbing this new cost. Many will pass the cost to consumers, further contributing to the soaring cost of living in Vermont which already hinders the ability of employers to recruit and retain workers. While a 0.44% tax may appear minor in print, its contributions to the cumulative impact of cost pressures and the cyclical nature of the Vermont economy will have repercussions.  

The Vermont Chamber agrees that accessible childcare is part of addressing workforce challenges, but concerns remain that this funding isn’t structured to address accessibility and affordability for working Vermonters and if this $100 million doesn’t make gains on those key issues, advocates will be searching for even more funding. To understand the impact this tax will have on your business, enter your payroll to calculate the payroll tax levied on your business and employees, here. 

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Business Community Celebrates Senator Leahy for Career of Contributions to the Vermont Economy

Business Community Celebrates Senator Leahy for Career of Contributions to the Vermont Economy

On June 8, 2023, business leaders from across Vermont gathered in Burlington for The Leahy Celebration, an event dedicated to Senator Leahy’s career of service, and his contributions to the Vermont economy. The event, hosted by the Vermont Chamber of Commerce, provided an opportunity for business leaders to thank Senator Patrick Leahy and his wife Marcelle Leahy, for their incalculable impact on Vermont.

The embodiment of public service and the epitome of leadership, Senator Leahy has played a pivotal role in advancing the Vermont economy. Throughout his tenure, he spearheaded critical legislation supporting innovation, research, higher education, transportation, and manufacturing all while supporting the environment and communities unique to Vermont. The Leahy Celebration recognized Senator Patrick Leahy and Marcelle for their commitment to public service, their enduring partnership, and the legacy they leave for future generations.

“Senator Leahy and Marcelle have had a tremendous impact on Vermont businesses,” stated Betsy Bishop, President of the Vermont Chamber of Commerce. “This event was an opportunity for the business community to gather to raise a glass, filled with gratitude, to toast to the family that has tirelessly fought for the Vermont economy.”

Mark Anarumo, President of Norwich University, Dr. Lorraine Sterritt, President of St. Michaels College, Ken McAvey, VP and GM of GlobalFoundries, and Senator Peter Welch all joined Vermont Chamber President Betsy Bishop on stage to reflect on Senator Leahy’s distinguished career and accomplishments and lead the champagne toast.

The evening of celebration culminated with remarks from Senator Leahy who reflected on the growth of business in Vermont. He highlighted several businesses that are global leaders in their fields, such as Revision Military, IBM, and Liquid Measurement Systems, each of which have been championed by Senator Leahy during his time in office.

“Marcelle and I are glad to be home. There are a lot of things that we do not miss about Washington, but I do miss being an advocate for Vermont,” stated Senator Leahy. “That was one of the most satisfying and rewarding parts of serving as a United States Senator and what a majority of my staff worked on each and every day.”

Additional event photos are available, here

This Leahy Celebration was made possible by the support of the following sponsors:

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Governor Phil Scott Connects with Business Leaders at The Wellspring Forum

Governor Phil Scott Connects with Business Leaders at The Wellspring Forum

The successful series culminated with Governor Phil Scott as the featured speaker. The event series, hosted by the Vermont Chamber, brings together top Vermont businesses and policy leaders for robust economic discussions. Each event takes place at a unique Vermont business. Governor Scott addressed the Vermont Chamber Board of Directors and other Vermont business leaders via a moderated conversation with Vermont Chamber President, Betsy Bishop.

In addition to ongoing workforce and housing concerns, the top issue raised by businesses was the anticipated impact of new and increased taxes and fees that are poised to fund multiple major legislative proposals. Businesses were appreciative of the Governor’s measured approach when considering bills and his opposition to those that would have unintended consequences on the Vermont economy.

Economic stewardship must be central to policy decisions, particularly those made during the upcoming veto session,” stated Bishop. “With $150 million of likely cost increases for Vermonters, Governor Scott is a voice of reason on affordability concerns and businesses share his determination for balance. The Vermont business community is urging legislators to use the veto session as an opportunity to review and consider the long-term implications of excessive spending proposals on the Vermont economy.”

Governor Scott spoke on several policy issues such as the potential for the first-ever state payroll tax, middle-income workforce housing shortages, and the dwindling labor market. Throughout the discussions, both business leaders and the Governor spoke on the importance of civic engagement and the value of testifying at the State House, communicating with elected officials, and running for office.

“Vermont’s business leaders are real problem solvers, and it’s critical they make their voices heard,” stated Governor Scott. “We need more people stepping up and getting involved who know what it’s like to balance a budget, and I appreciate the Chamber and its members for their hard work and commitment to our state and its communities.”

The event was hosted by Bluebird Barbecue in Burlington, Vermont. Following the forum, the Governor met with Bluebird Barbecue staff for a behind-the-scenes look at the business. After donning an apron, he assisted in the kitchen with cooking the barbecue to be served later in the day.

“Our Vermont Independent Restaurants are the social hubs of our communities, places where folks gather to connect and share moments together,” Sue Bette, Founder of Bluebird Barbecue and Co-Founder of the Vermont Independent Restaurant Association said. “Vermont businesses, particularly in the hospitality industry, have had to be agile and innovative in recent years. It was a joy to once again host and serve as a gathering place for our business community to share ideas and plans to move forward and grow Vermont’s economy together.”

The event title is inspired by Governor James H. Douglas’ quote; “I am often reminded that the wellspring of Vermont liberty flows from Main Street, not State Street.”

This Wellspring Forum was made possible by the support of the following sponsors: 

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Calculate the Payroll Tax Impact on Your Business

Calculate the Payroll Tax Impact on Your Business

The Legislature passed the first-ever state payroll tax, adding to Vermont’s already high tax burden. The Governor has vetoed it and referred to the tax authorized in H.217 as a new and regressive tax. However, there are enough votes in the House and Senate to override the veto and make this new payroll tax law. Working Vermonters are set to pay $100 million annually once it becomes effective on July 1, 2024. 

To understand the impact this tax will have on your business, enter your payroll below to calculate the payroll tax levied on your business and employees.

We encourage you to contact your legislators and tell them how this will impact your business, employees, and community.

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